Californians reject wealth tax for billionaires
Summary
The outcome could hinder the wealth tax movement in California and across the country in future years. Covered by 9 outlets: 5 lean left, 3 are centre, 1 lean right.
Automated summary picked from the outlets' own descriptions.
Who is covering this
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Californians reject wealth tax for billionaires
Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
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California Voters Reject 5% Billionaire Wealth Tax
An illustration of the California flag against a backdrop of $100 bills
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California voters reject proposed one-time tax on billionaires' wealth
California voters have rejected a proposed 5% tax on the net worth of billionaires, handing a victory to tech leaders who poured hundreds of millions of dollars into defeating the measure. The defeat of Proposition 40 also marks a setback for progressives seeking to tax the...
State-funded media -
California voters defeat billionaire tax proposal that divided Democrats - NPR
California voters defeat billionaire tax proposal that divided Democrats NPR California Voters Reject Prop. 40 Billionaire Tax Measure The New York Times Californians reject wealth tax for billionaires BBC Silicon Valley's billionaires won the tax battle. The war on wealth is...
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California voters defeat billionaire tax proposal that divided Democrats
The novel proposal would have charged billionaires a one-time 5% tax on most of their overall wealth, including their ownership in companies.
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California voters fail to pass proposed one-time tax on billionaires’ wealth
Campaign over Prop 40, as measure was known, was most expensive in state history, flush with Silicon Valley dollars California billionaires won a contentious ballot measure campaign, defeating a proposed one-time tax on their wealth. The bruising campaign over Proposition 40...
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California voters reject Prop. 40 billionaire wealth tax, CBS News projects
Voters in California have rejected a tax on the state's wealthiest residents, CBS News projects, following a campaign that has split traditional allies and shattered spending records for a tax-related measure in California.
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California voters reject measure to tax the wealth of billionaires
California voters have rejected a "one-time" wealth tax on billionaires.
- California voters reject measure to tax the wealth of billionaires
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California Voters Reject Prop. 40 Billionaire Tax Measure - The New York Times
California Voters Reject Prop. 40 Billionaire Tax Measure The New York Times California voters reject new tax on billionaires in a blow to the left NBC News California faces one-two punch as voters reject wealth tax and billionaires eye exits Fox Business Silicon Valley's...
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California Voters Reject Prop. 40 Billionaire Tax Measure
The outcome could hinder the wealth tax movement in California and across the country in future years.
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California voters reject new tax on billionaires in a blow to the left
California voters have rejected a ballot measure that sought to impose a one-time tax on the state’s billionaires, NBC News projects, dealing a blow to progressives who championed the proposal.
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California voters reject new tax on billionaires in a blow to the left - NBC News
California voters reject new tax on billionaires in a blow to the left NBC News California Voters Reject Prop. 40 Billionaire Tax Measure The New York Times California voters reject measure to tax the wealth of billionaires AP News Silicon Valley's billionaires won the tax...
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California Voters Reject Prop 40 Billionaire Tax After Seven Moguls Fled With $540 Billion in Wealth
California voters rejected Proposition 40's one-time 5% billionaire tax after seven moguls worth about $540 billion left the state, taking the revenue meant for healthcare with them.
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